CapitalDiscipline
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Occidental Isn’t a Thrill Ride — It’s a Cash Machine (If You’re Patient)

Oil stocks are supposed to be boring. Then Warren Buffett turns one into a soap opera. Berkshire Hathaway now owns roughly 28% of Occidental Petroleum’s common stock—about 265 million shares. Layer in the 8% yielding preferred shares and those 83.9 million warrants struck around $59.60, and Berkshire’s economic interest creeps north of 30%. And thanks…
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